Insurance Costs Punishing Unprepared Truckers
One large trucking company recently renewed its insurance coverage at a lower cost than it paid in 2019. In 2020, that statement is as implausible as it gets when it comes to trucking insurance, but…
Tagged: TransportInsurance
Hazmat Haulers Insurance Critical
Several homes were evacuated earlier this year after a semi-truck tanker overturned near Williamsburg, Ky.,and leaked 5,000 gallons of highly flammable butyl acrylate onto the railroad tracks below. Several agencies responded to the incident, including…
Truckers Liability Insurance Pinch
For independent trucking operators, the largest chunk of their insurance costs is liability coverage, which pays for injuries and property damage from a wreck. For over-the-road drivers, the Federal Motor Carrier Safety Administration (FMCSA) requires
Fleetwood Transportation Closes
Fleetwood Transportation, a Texas-based flatbed and oil-field truckload carrier, closed its operations Jan 2. The company cited rising insurance costs as the primary reason for the closure. The carrier had 252 trucks, 673 trailers…
Insurance Climbing For Trucking Firms
Insurance premiums for long-haul trucks and trucking companies have increased dramatically in the past few years, doubling from an average between $6,000 and $7,000 in the beginning of the decade to between $12,000 and $14,000…
Hazmat Carriers Need Special Insurance
There are more than 1.5 billion tons of hazardous materials (hazmat) transported each year in the United States either by truck, train, boat or aircraft, according to U.S. Department of Transportation and Commerce. Many federal…
